---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-132146"
form_type: "8-K"
ticker: "STEP"
cik: "0001796022"
company_name: "StepStone Group Inc."
filed_at: "2025-05-30T23:59:59+00:00"
generated_at: "2026-05-20T04:37:38.795493+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# StepStone closes 2025 Exchange, acquires ~5% each in SRE/SRA/SPD for $11M cash and 756K shares

## Summary
- Completed second exchange under Feb 2024 transaction agreements for equity in three asset class entities.
- Consideration: $11M cash, 756,105 Class A shares, and 2,438,403 Class D Units; all unregistered.
- Ownership increased to ~60% of SRE and SRA, and ~61% of SPD after the exchange.
- Class A shares issued to SPD seller subject to transfer restrictions; Class D Units exchangeable for Class A.

## SEC filing metadata
- accession: 0001193125-25-132146
- form_type: 8-K
- ticker: STEP
- cik: 0001796022
- company_name: StepStone Group Inc.
- filed_at: 2025-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796022/000119312525132146/0001193125-25-132146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796022/000119312525132146/d934252d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-132146
- JSON: https://secwatch.observer/filing/0001193125-25-132146.json
- Plain text: https://secwatch.observer/filing/0001193125-25-132146.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.